Crocs, Inc. (NASDAQ:CROX) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in shares of Crocs, Inc. (NASDAQ:CROX - Free Report) by 85.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,601 shares of the textile maker's stock after purchasing an additional 14,110 shares during the period. Teacher Retirement System of Texas owned 0.05% of Crocs worth $3,250,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC increased its position in shares of Crocs by 26.5% during the first quarter. Parallel Advisors LLC now owns 630 shares of the textile maker's stock valued at $67,000 after acquiring an additional 132 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Crocs by 5.3% in the fourth quarter. ProShare Advisors LLC now owns 2,726 shares of the textile maker's stock valued at $299,000 after purchasing an additional 137 shares during the period. Riverwater Partners LLC grew its stake in Crocs by 0.9% during the 4th quarter. Riverwater Partners LLC now owns 19,974 shares of the textile maker's stock worth $2,188,000 after purchasing an additional 177 shares in the last quarter. Whipplewood Advisors LLC increased its stake in shares of Crocs by 20.9% during the first quarter. Whipplewood Advisors LLC now owns 1,064 shares of the textile maker's stock worth $113,000 after buying an additional 184 shares during the period. Finally, UMB Bank n.a. grew its holdings in Crocs by 43.6% during the 1st quarter. UMB Bank n.a. now owns 642 shares of the textile maker's stock worth $68,000 after acquiring an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Loop Capital boosted their target price on shares of Crocs from $110.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Needham & Company LLC increased their price target on shares of Crocs from $118.00 to $129.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Barclays reduced their price objective on shares of Crocs from $122.00 to $119.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Piper Sandler lowered their target price on shares of Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Bank of America cut their price target on shares of Crocs from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Monday, June 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Crocs currently has an average rating of "Moderate Buy" and a consensus price target of $135.13.

Crocs Stock Performance

CROX stock traded up $1.10 during trading on Thursday, hitting $105.85. The company had a trading volume of 876,186 shares, compared to its average volume of 1,522,097. The firm has a 50-day moving average price of $105.44 and a 200-day moving average price of $103.26. Crocs, Inc. has a 1-year low of $86.11 and a 1-year high of $151.13. The firm has a market cap of $5.93 billion, a PE ratio of 6.49, a price-to-earnings-growth ratio of 2.18 and a beta of 1.38. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 0.75.

Crocs (NASDAQ:CROX - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.51 by $0.49. The business had revenue of $937.33 million for the quarter, compared to analyst estimates of $907.07 million. Crocs had a net margin of 23.35% and a return on equity of 43.07%. The business's revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.02 earnings per share. On average, analysts expect that Crocs, Inc. will post 13.2 earnings per share for the current year.

Insider Buying and Selling at Crocs

In related news, Director Ian Bickley sold 3,044 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $115.89, for a total transaction of $352,769.16. Following the sale, the director owned 27,505 shares of the company's stock, valued at approximately $3,187,554.45. The trade was a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by company insiders.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.